State Bank of India on Friday said it will raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.

"The Committee of Directors for Capital Raising of the Bank...Has accorded its approval to fix the issue price at Rs 269.59 per share of face value of Re 1 each, including a premium of Rs 268.59 per share and accordingly, to issue 21,07,27,400 equity shares...On preferential basis to Government of India, for a consideration of Rs 5,680.99 crore," SBI said in a BSE filing.